The Missouri economy is gaining momentum as exports and manufacturing remain strong and the housing market correction was relatively mild, according to the State Monitor Report released today by BMO Capital Markets Economics.
The labor market has improved so far in 2012, with nonfarm payrolls rising in each of the first four months of the year. The pickup in job growth has helped pull the jobless rate down to 7.3 percent in April, the lowest level since the end of 2008.
[Marketwatch]